kr.

Value of 1994 Danish Kroner today

kr.100 in 1994
kr.175.2 in 2023

The inflation rate in Denmark between 1994 and today has been 75.2%, which translates into a total increase of kr.75.2. This means that 100 kroner in 1994 are equivalent to 175.2 kroner in 2023. In other words, the purchasing power of kr.100 in 1994 equals kr.175.2 today. The average annual inflation rate between these periods has been 1.95%.

Inflation timeline in Denmark (1994 - 2023)

The following chart depicts the equivalence of kr.100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (DKK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1994-2022 70.29%
Cumulative inflation 1994-today 75.2%
Avg. Annual inflation 1994-2022 1.92%
CPI 1994 66.63
CPI 2022 113.46
CPI 2022-12 (latest official data) 115.9
CPI today 116.73

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1994 and 2022, use the corresponding CPI values:

Value2022
=Value1994 ×
CPI2022/CPI1994
=kr. 100 ×
113.46/66.63
kr.170.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.73:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=kr. 100 ×
116.73/66.63
kr.175.2

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are kr.100 worth today. There are 28 years between 1994 and 2022 and the average inflation rate was 1.9194%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr.100 × (1 + 0.019194)28
kr.170.29

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1994 kr.1.7 kroner in 2022
kr.5 kroner in 1994 kr.8.51 kroner in 2022
kr.10 kroner in 1994 kr.17.03 kroner in 2022
kr.50 kroner in 1994 kr.85.15 kroner in 2022
kr.100 kroner in 1994 kr.170.29 kroner in 2022
kr.500 kroner in 1994 kr.851.46 kroner in 2022
kr.1,000 kroner in 1994 kr.1,702.92 kroner in 2022
kr.5,000 kroner in 1994 kr.8,514.59 kroner in 2022
kr.10,000 kroner in 1994 kr.17,029.18 kroner in 2022
kr.50,000 kroner in 1994 kr.85,145.92 kroner in 2022
kr.100,000 kroner in 1994 kr.170,291.84 kroner in 2022
kr.500,000 kroner in 1994 kr.851,459.19 kroner in 2022
kr.1,000,000 kroner in 1994 kr.1,702,918.39 kroner in 2022
Cumulative inflation From 1994 75.2%
Avg. annual inflation From 1994 1.95%
CPI 1994 66.63
CPI today 116.73

Value of Krone over time (by year)

Period Value
1994 100
1995 102.08
1996 104.25
1997 106.53
1998 108.5
1999 111.21
2000 114.43
2001 117.11
2002 119.95
2003 122.44
2004 123.85
2005 126.1
2006 128.53
2007 130.71
2008 135.17
2009 136.93
2010 140.1
2011 143.96
2012 147.42
2013 148.58
2014 149.42
2015 150.09
2016 150.47
2017 152.19
2018 153.43
2019 154.59
2020 155.25
2021 158.12
2022 170.29
2022-12 173.96
Today 175.2

All available years

Today's value of danish kroner by year:

1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |

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